A DEDICATED FUNDING PARTNER FOR UK BASED FRANCHISORS
As a Franchisor, one of – if not the – greatest challenges you face is recruiting Franchisees: entrepreneurs with the skills, experience and determination to help you develop your Franchise network and build your brand. Fact is, identifying Franchisees who ‘tick all the boxes’ – individuals with the skills, experience, attitude and commitment your business demands – is tough. Which makes it all the more frustrating when you find a candidate with the required acumen, attitude, expertise – but they can’t access the full amount of funding needed.
That’s where we come in.
As a delivery partner for the government backed Start Up Loans scheme, we offer affordable loans to prospective Franchisees who can’t access the full amount they need from High Street lenders. Often, the banks can provide the bulk of the funding and then a Start Up Loan can supplement the shortfall whether it be for the franchise cost, asset purchase or working capital.
As a specialist start up and growth partner, we would also be happy to work with you to create a ‘blueprint’ for funding applications – minimising the related administrative burden of preparing Business Plans and Forecasts, accelerating the application process and maximising the likelihood of your Franchisees obtaining funding.
We save you time that might otherwise be wasted on undercapitalised applicants, and in so doing enable you to select the very best candidates for your business (rather than simply the best-funded). Successful applicants also benefit from the support of an experienced business mentor for a year– equipping them with key business skills to add to the training that you provide such as getting the best out of the marketing tools available.
Best of all, there’s no cost for our services, either to you or to your Franchisees.
Over the last year, we’ve helped fund 1 new franchisee every week so if you’d like to find out how we can help you, give our team a call on 0800 389 8188.